NIO (NYSE:NIO) Trading Up 4.7% - What's Next?

Key Points

• NIO Inc. shares saw a 4.7% increase during mid-day trading, reaching a high of $7.08, with approximately 52.3 million shares traded.
• Analysts have raised NIO's price target, with JPMorgan increasing it to $8.00 and Citigroup setting it at $8.60, while the consensus rating is currently a "Hold."
• The company reported a loss of ($0.32) earnings per share last quarter, missing estimates, though revenue increased 9% year-over-year.

NIO Inc. (NYSE:NIO - Get Free Report) was up 4.7% during mid-day trading on Monday . The stock traded as high as $7.08 and last traded at $7.06. Approximately 52,289,879 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 60,693,586 shares. The stock had previously closed at $6.75.

Analyst Ratings Changes

Several analysts have issued reports on NIO shares. JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Bank of America lifted their price objective on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a research report on Monday, July 14th. Finally, Citigroup raised their target price on shares of NIO from $8.10 to $8.60 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.35.

NIO Price Performance

The business's fifty day moving average price is $6.54 and its two-hundred day moving average price is $4.82.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $20.07 billion. NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIO

A number of large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NIO by 3,966.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after purchasing an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of NIO during the second quarter worth $12,315,000. Invesco Ltd. increased its position in shares of NIO by 22.7% during the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company's stock worth $9,392,000 after purchasing an additional 506,618 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of NIO by 125.2% during the second quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company's stock worth $3,754,000 after purchasing an additional 608,377 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of NIO by 96.6% during the first quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after buying an additional 510,610 shares during the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.